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GRS Group launches GRC, a new force in risk consultancy
Today sees the unveiling of Global Resource Consulting Limited (GRC), a new force in risk consultancy.
GRC is part of GRS Group, the specialist risk executive search consultancy, and will be headed up by Richard Lumley. Lumley joins GRS Group from CIFG where he was Director, European Structured Finance. CIFG Europe is part of CIFG Holding Ltd. a group of financial guaranty companies owned by the banking groups of Banque Populaire and Caisse d’Epargne
Richard has previously held a number of senior risk management positions at Rabobank International, HBOS, ABN Amro, and Merrill Lynch. He is a qualified chartered accountant and a graduate of the London Business School. GRC will focus on complex risk management projects across credit, market and operational risk for a range of financial institutions. Among the services offered will be advisory work on counterparty and structured credit risk management, reporting and analysis. A close affiliation with GRS Interim will provide clients with convenient access to a talent pool with which to resource and lead risk projects. With expertise being drawn from industry leaders and best practice, GRC will provide clients the assurance that they are working with a team that understands their business issues and can help fulfil their goals. Ken Brotherston, chief executive of GRS Group said: ‘We are constantly looking to provide our clients with better and more wide-ranging services and GRC will enable us to offer our clients a comprehensive risk consulting service. GRC will operate independently from our existing executive search operations although it will utilise the resourcing and project management skills of our established Interim business as required. I am confident that the combination of Richard’s vision, wealth of consulting experience and our excellent network will ensure that GRC is a resounding success.’ Richard Lumley said: ‘I want to offer institutions an experienced and all-encompassing consultancy resource in an increasingly complex risk management environment. It is clear that a growing number of organisations have the need for a professional and specialist risk management consulting service to provide additional support to their existing risk departments. As current market turmoil continues demand will only increase further for experts who can work with financial institutions and develop their staff and systems to cope with the changing financial atmosphere. I foresee that with GRS’ backing, GRC is set for rapid development and growth.’
